Cidel Asset Management Inc. Reduces Stock Position in Willis Towers Watson Public Limited Company $WTW

Cidel Asset Management Inc. decreased its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW) by 22.6% in the 1st quarter, HoldingsChannel reports. The firm owned 100,725 shares of the company’s stock after selling 29,465 shares during the period. Willis Towers Watson Public makes up about 1.6% of Cidel Asset Management Inc.’s holdings, making the stock its 18th largest holding. Cidel Asset Management Inc.’s holdings in Willis Towers Watson Public were worth $29,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTW. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Willis Towers Watson Public by 375.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 76 shares of the company’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. MV Capital Management Inc. purchased a new stake in shares of Willis Towers Watson Public during the fourth quarter worth about $29,000. Larson Financial Group LLC raised its position in shares of Willis Towers Watson Public by 72.5% in the fourth quarter. Larson Financial Group LLC now owns 88 shares of the company’s stock valued at $29,000 after buying an additional 37 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new position in shares of Willis Towers Watson Public in the fourth quarter valued at approximately $28,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of Willis Towers Watson Public during the third quarter valued at approximately $31,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WTW shares. Mizuho decreased their target price on shares of Willis Towers Watson Public from $353.00 to $338.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Barclays cut their price target on Willis Towers Watson Public from $341.00 to $322.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Keefe, Bruyette & Woods reduced their price target on Willis Towers Watson Public from $384.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Cantor Fitzgerald decreased their price objective on Willis Towers Watson Public from $363.00 to $354.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Finally, UBS Group lowered their price objective on Willis Towers Watson Public from $400.00 to $374.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $350.00.

Insider Activity at Willis Towers Watson Public

In other news, insider Lucy Clarke acquired 1,896 shares of Willis Towers Watson Public stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average cost of $263.37 per share, with a total value of $499,349.52. Following the purchase, the insider directly owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. This trade represents a 9.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Willis Towers Watson Public Trading Up 1.8%

WTW stock opened at $257.55 on Wednesday. The company has a market cap of $24.33 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.81 and a beta of 0.43. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $265.21 and a 200-day simple moving average of $294.30. Willis Towers Watson Public Limited Company has a 52 week low of $240.61 and a 52 week high of $352.79.

Willis Towers Watson Public (NASDAQ:WTW) last issued its earnings results on Friday, May 1st. The company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.07. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company posted $3.13 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts expect that Willis Towers Watson Public Limited Company will post 19.52 EPS for the current year.

Willis Towers Watson Public Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is 22.39%.

Willis Towers Watson Public Profile

Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.

The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.